The Attention Is Focused on the Meeting of the Central Banks

Today, the meetings of the National Bank of Switzerland and the Bank of England will take place, at which decisions on the further monetary policy will be made. At the moment, most experts believe that regulators will leave interest rates unchanged at -0.75% and 0.25% respectively. At the same time, it is necessary to pay attention to the comments and rhetoric of the Central Banks representatives.

Yesterday mixed data were published on the producer price index in the USA. In August, the indicator increased by 0.2%. At the same time, market expectations were at the level of 0.3%. The administration of the US president plans to carry out a tax reform before the end of this year. These events caused a significant demand for the American currency. The dollar index (#DX) closed the trading session in the positive zone (+0.58%).

The oil quotes continue to show positive dynamics. Yesterday, futures for the WTI crude oil rose by more than 2%. At the moment, the "black gold" prices exceeded $49 per barrel.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer,
and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

JustForex is a retail Forex broker that provides traders the access to the foreign exchange market and offers great trading conditions on accounts such as Standard Cent, Standard, Pro, Raw Spread, a wide choice of trading instruments, a leverage up to 1:3000, tight spreads, market news, and economic calendar.

Please note: we do not provide services for U. S. residents and entities of any kind.Margin trading on the Forex market is speculative and carries out a high level of risk, including full loss of deposit. You must understand this and decide by yourself whether this type of trading fits you, considering the level of knowledge in a financial area, trading experience, financial capabilities and other factors.